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Fission Hits 61.09m total composite >10,000 cps with Metallurgical Drilling at R780E Zone
Aug. 14, 2017 08:38AM PST
Energy Investing
Fission Uranium (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU)(“Fission” or “the Company”) is pleased to announce the completion of the summer 2017 portion of the Pre-Feasibility Study “PFS” drilling, including three large diameter holes for metallurgical sample collection and three geotechnical core holes, to generate rock quality data including strength testing, related to the proposed open pit and underground mining areas of …
Fission Uranium (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU)(“Fission” or “the Company”) is pleased to announce the completion of the summer 2017 portion of the Pre-Feasibility Study “PFS” drilling, including three large diameter holes for metallurgical sample collection and three geotechnical core holes, to generate rock quality data including strength testing, related to the proposed open pit and underground mining areas of the Triple R deposit.
Of particular note is hole PLS17-MET-C (line 660E), which intersected 153.5m total composite mineralization, including 61.09m total composite >10,000 cps.
Ross McElroy, President, COO, and Chief Geologist for Fission, commented:
“The results of our metallurgical drilling highlight just how robust our high-grade, near-surface Triple R deposit really is. With the completion of the drilling to collect material for the Phase 2 metallurgical study and also the geotechnical rock holes this summer, we are making excellent progress towards achieving PFS status.
A PFS is an important milestone for any deposit – both de-risking the asset for investors and advancing the project towards production. Both the Fission team and our strategic partner, CGN Mining, are very pleased with the work and results of testing to date and we remain on target to have a PFS ready in 2018.”